Marcus & Millichap Buys Canadian Real Estate Firm

Primecorp is based in Ottawa and Gatineau and covers markets from Ontario and Quebec. The deal was closed on Oct. 1.

Last month, Marcus & Millichap announced the acquisition of Montreal-based commercial real estate firm McGill Commercial. The two acquisitions give the company a presence in every major metropolitan market in Canada.

“The acquisition of Primecorp, our second acquisition in Canada this year, further strengthens our platform while providing entry into a key market,” said Chief Executive Hessam Nadji in a statement. “Primecorp is a well-established company in its respective markets with a similar culture and business model to ours as well as a proven ability to execute transactions across all product types including a major focus in multifamily.”